Nov 9, 2012 7:00am EST
the federal government, the washington area will certainly feel the pain. president obama will emerge today for his first remarks since election night, and he will no doubt talk about congress and the looming fiscal cliff. when taxes go up, government spending goes down at the end of the year. the president's former chief economic advisor paints a grim picture. >> the election is over. if you go off the fiscal cliff, the economy goes into recession the beginning of 2013. this is not a small matter. i think we have to address it. >> reporter: it will come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement program. >> reporter: most economists agree that reforming entitlement programs like medicare,
Nov 16, 2012 7:00am EST
the cloud cover is to the south and west of washington. when it gets out of here, should be a beautiful afternoon and a little warmer than yesterday, with highs in the mid-50s. chilly start. nice afternoon. 53degrees at 5:00 p.m. more details on the weekend and a sneak peek at next week, holiday week, coming up. let's get the latest on traffic. >> the crew in skyfox hanging with us checking out eastbound along 66 where we had the incident east of nutley. it's tying up that green arrow lane traveling inbound towards the capitol beltway. delays forming near nutley towards the beltway. 66 traffic congested, exiting from centreville headed eastbound towards fair oaks and delays. southbound 270 coming in out of germantown headed towards the lane divide, about 40 minutes. this is with all the lanes open. no other issues reported for those on the beltway between college park and bethesda. accident near edsel road. stay to the left to get by. northbound 395 at the 14th street bridge, no issues reported now. that's a check of your fox 5 on- time traffic.